COURSE DESCRIPTION MATHEMATICS I - 1ST YEAR 1 ST SEMESTER DEGREE: BUSINESS ADMINISTRATION IN-CLASS TEACHING ACADEMIC YEAR: 2021/2022 SCHOOL OF ...

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COURSE DESCRIPTION
MATHEMATICS I
1ST YEAR 1 ST SEMESTER
DEGREE: BUSINESS ADMINISTRATION
IN-CLASS TEACHING
ACADEMIC YEAR: 2021/2022
SCHOOL OF BUSINESS AND ECONOMICS
Subject Description / Academic year 2021-2022

                              1. COURSE IDENTIFICATION
1.- COURSE:

Name: Mathematics I

Code: 18287

Year(s) course is taught: First                  Semester (s) when the course is taught: First

Type: Compulsory                                 ECTS: 6                   Hours ECTS: 60

Language: English and Spanish                    In-class teaching

Degree (s) in which the course is taught: Business Management

School of Business and Economics

2.- ORGANIZATION OF THE COURSE:

Department: Applied Mathematics and Statistics

Area of knowledge: Applied Mathematics

                           2. LECTURERS OF THE COURSE
1.-LECTURERS:

Instructor in charge                CONTACT DETAILS
Name:                               Mª Carmen Escribano Ródenas
Phone (ext):                        91 456 63 00 ext. 15365
Email:                              escrod@ceu.es
Office:                             0.03 B

Lecturer (s)
Name:                               Pablo Arés Gastesi
Phone (ext):                        91 456 6300 ext. 15366
Email:                              pablo.aresgastesi@ceu.es
Office:                             0.04 B

Lecturer (s)
Name:
Phone (ext):
Email:
Office:

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Subject Description / Academic year 2021-2022

2.- TUTORIALS:

For any queries students can contact lecturers by e-mail, phone or visiting their office during the
teacher’s tutorial times published on the students’ Virtual Campus.

                                3.COURSE DESCRIPTION

The student should be able to apply the key mathematical tools used in the solution of economic and
business problems. To achieve this aim, the student should acquire mathematical skills at topics such
as: modelling of economic processes, application of matrix analysis, resolution of linear equations
systems, the study of differentiation of economic functions in one and several real variables.

                                             4.SKILLS
1.- SKILLS

   Code      Basic and General Skills
     CB1
             Students have shown to have and understand knowledge in an area of study that draws from
             the basis of general secondary education, and is usually found at a level that, although it rests
             on advanced textbooks, also includes certain aspects that imply knowledge obtained at the
             forefront of their field of study.
     CB5     Students have developed those learning skills necessary to undertake subsequent studies
             with a high degree of autonomy.

     CG01 Applying analytical and critical thinking, and its oral and/or written communication.

   Code      Specific Skills
     CE8      Understanding and applying mathematical models that allow the design of economic models
             that facilitate decision making in business organizations.

2.- LEARNING OUTCOMES:

Learning outcomes
- Model and solve economic problems through systems of linear equations and matrix
calculus.

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Subject Description / Academic year 2021-2022

- Apply differential calculus to economic functions.

- Model and find optimal solutions to problems with real functions, without constraints and
with equality constraints.

                             5. EDUCATIONAL ACTIVITIES
1.- DISTRIBUTION OF STUDENTS` ASSIGNMENT:

Total hours of the course                                                                        180

Code     Name                                                                              On-campus
                                                                                           hours
AF2      Seminar                                                                                  56
AF5      Assessment tests                                                                          4
TOTAL Hours                                                                                       60

Code     Name                                                                                  Not on-
                                                                                            campus hours
AF6      Independent Work                                                                        120

2.- EDUCATIONAL ACTIVITIES:

  Educational Activity                                      DEFINITION

 AF2 seminar                A classroom-seminar training activity that, under the guidance of the
                            professor, either individually or in a group, focuses on completing exercises,
                            or resolving problems or practical cases, which demonstrates understanding
                            of the theory studied.

                            A training activity intended to assess the acquisition of knowledge and/or
AF5 Assessment tests        competencies by the student.

                            A training activity in which the student independently manages what they
 AF 6                       have learned through the study of training materials or activities initiated by
 independent work           professors.

                             6. ASSESMENT OF LEARNING

1.- CLASS ATTENDANCE:

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Subject Description / Academic year 2021-2022

        To be eligible for examination by continuous assessment students must attend at least 75%
         of scheduled class time (attendance sheets will be used). As students may be absent 25%
         of the classes, no attenuating circumstances will be accepted for absences.

2.- ASSESSMENT SYSTEM AND CRITERIA:

                                       ASSESSMENT SYSTEM
Code         Name                                                                          Percentage
   AS4       Written or computer-based examination on exercises, problems, cases,
                                                                                                  80
             and so forth.
   AS9       Submission of exercises                                                              20

ORDINARY EVALUATION

The student's evaluation will be carried out taking into account the following criteria:

Continuous assessment is scored with 60% of the final grade.
1. Two controls during the semester. The assessment of each one will be 20% of the final grade.
2. 20% will be obtained by carrying out transversal group activities that may require the use of
digital tools.

Both the dates of the controls and the different activities of continuous evaluation will be included
in the schedule of each group at the beginning of the semester.

The remaining 40% of the final grade for the course corresponds to the final test that will take
place on the official date established by the Secretary of the Faculty. To pass the course it is
necessary to obtain a minimum grade of three points out of ten in the final exam of the ordinary
call for the course.

Once the calendar of activities or face-to-face tests (exams, practices, exercises, assignments,
presentations, etc.) has been set in advance, to guarantee equal conditions for all students, said
tests will not be repeated for the student (s) that they did not attend them.

EXTRAORDINARY EVALUATION

Students who fail the ordinary evaluation must make the final examination of the extraordinary
call, which will cover all topics in the syllabus.
The criteria of assessment for the ordinary evaluation will not be considered in the extraordinary
evaluation, and the grade of the student will be based solely on the result of the extraordinary
examination.

                                  7. COURSE SYLLABUS
1.- COURSE SYLLABUS:

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Subject Description / Academic year 2021-2022

THEORETICAL:

Topic 1: LINEAR ECONOMIC MODELS

1.1. Linear relationships between economic magnitudes. Vector spaces.
1.2. Systems of Linear Equations.
1.3. Diagonalization and Quadratic Forms.
1.3. Economic Applications.

Topic 2: REAL FUNCTIONS OF ONE AND SEVERAL REAL VARIABLES

2.1. Analysis of functions of several variables as an extension of the functions of a real variable.
2.2. Topology. Limits and Continuity.
2.3. Derivative as rate of change Directional derivatives, partial derivatives, gradient, Hessian matrix.
2.4. Economic applications: marginal values and elasticity, indifference curves.

Topic 3: HOMOGENEOUS FUNCTIONS

3.1. Definition and concept of homogeneous function of real variables.
3.2. Euler's theorem
3.3. Economic applications: returns to scale and Cobb Douglas functions.

Topic 4: DIFFERENTIABILITY AND OPTIMIZATION

4.1. Differential concept. Approach.
4.2. Elementary indefinite integrals
4.3 Free optimization of functions of several variables.
4.4. Initiation to optimization with equality constraints. Lagrange multipliers.

PRACTICAL:
At the end of each theoretical block, a series of practical exercises will be carried out. The teacher shall solve
some exercises with the participation of the students. The students must solve some problems given as homework
and hand them back to the teacher. Such homework, as well as other complementary and support documentation,
will be available in the Students Portal.

                                         8. BIBLIOGRAPHY

1.- BASIC BIBLIOGRAPHY:

ANTON, H. (2004): Elementary Linear Algebra, Wiley

CALVO, M.; ESCRIBANO, M.C.; FERNÁNDEZ, G.; GARCÍA, M.C.; IBAR, R.; ORDÁS, P. (2003):
Problemas Resueltos de Matemáticas aplicadas a la economía y la empresa. Editorial Paraninfo.

CHIANG, A.C. and WAINWRIGHT, K. (2013): Fundamental methods in Mathematical Economics,
Tata Mgraw Hill

GUTIÉRREZ, S.; FRANCO, A. (2003):
Matemáticas aplicadas a la Economía y a la Empresa. Editorial Paraninfo.

HUGHES-HALLETT, D and others (2012): Calculus, Wiley (6th Edition)

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Subject Description / Academic year 2021-2022

STEWART, J (2001): Calculus, Brooks Cole (7th Edition)

SYDSAETER, K.; HAMMOND, P. (2010):
Matemáticas para el Análisis Económico. Edit. Prentice Hall.

2.- ADDITIONAL BIBLIOGRAPHY:

A.      THEORETICAL:

BALBÁS, A.; GIL, J.A.; GUTIÉRREZ, S. (1990):
Análisis Matemático para la Economía I y II. Editorial. Paraninfo.

BLANCO, S.; GARCÍA, P. ; DEL POZO, E. (2004) :
Matemáticas Empresariales I. Enfoque teórico-práctico. Vol. 1. Álgebra Lineal. Edit. Paraninfo.

BLANCO, S.; GARCÍA, P.; DEL POZO, E. (2004):
Matemáticas Empresariales II. Enfoque teórico-práctico. Vol. 2. Cálculo Diferencial. Edit.
Paraninfo.

BRANDLEY; SMITH (1998):
Cálculo I y II. Edit. Prentice Hall.

CHIANG, A. (1992):
Métodos Fundamentales de Economía Matemática. Edit. Mc Graw Hill.

GRAFFE, J. (1990):
Matemáticas para economistas. Edit. Mc Graw Hill.

HOFFMAN, L.D. and BRADLEY, G.L. (2007): Calculus for Business, Economics and the Social and
Life Sciences, Mcgrall Hill (10th Edition)

JACQUES, I. (2003): Mathematics for Economics and Business, Prentice Hall

LOWELL, M. (2004): Economics with Calculus, World Scientific

PERLOFF, J.M. (2016): Microeconomics: Theory and Applications with Calculus, Pearson

PISKUNOV (1990):
Cálculo Diferencial e Integral. Edit. Montaner y Simón.

QUINTANILLA, J. (2020):
Matemáticas avanzadas para Economía y ADE. Servicio publicaciones Universidad de Córdoba.

SÁNCHEZ, M. (2014):
Matemáticas avanzadas para la Economía. Ed. Sanz y Torres, S.L.

B. PRACTICAL:

ALEGRE Y OTROS (1991):
Ejercicios Resueltos de Matemáticas Empresariales I y II. Edit. Paraninfo.

CABALLERO FERNÁNDEZ Y OTROS (2000):
Matemáticas aplicadas a la economía y a la empresa, 434 ejercicios resueltos y comentados.
Editorial Pirámide.

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Subject Description / Academic year 2021-2022

DOWLING, E.T. (1982):
Matemáticas para economistas. Teoría y 1752 problemas resueltos. Edit. Mc Graw Hill. Serie
Schawn.

FRANCO, J.R. (2003):
Introducción al Cálculo. Problemas y ejercicios resueltos. Editorial Pearson. Prentice Hall.

MARTIN, P.; ÁLVAREZ, J.; GARCÍA, A.; GETINO, J.; GONZÁLEZ, A.; LÓPEZ. D. (2004):
Cálculo. Delta Publicaciones.

SANZ, VÁZQUEZ, ORTEGA (1998):
Problemas de Álgebra Lineal. Cuestiones, ejercicios y tratamiento en Derive. Edit. Prentice Hall.

VILAR, J.L.; GIL, J.A.; GUTIÉRREZ, S.; HERAS, A. (1993):
Cálculo Diferencial para la Economía. Un enfoque teórico-práctico. Edit. Paraninfo.

3.- WEB RESOURCES:

     American Mathematical Society: www.ams.org
     Asociación Española de Profesores Universitarios de Matemáticas para la Economía y la
      Empresa, ASEPUMA: www.asepuma.org
     Divulgamat: www.divulgamat.es
     GeoGebra: www.geogebra.com
     Instituto GeoGebra Maslama de Madrid: https://geogebra.smpm.es/
     Mathematical Association of America: www.maa.org
     Real Sociedad Matemática Española: www.rsme.es
     Sociedad Española de Matemática Aplicada: www.sema.org.es
             Wolfram Alpha: www.wolframalpha.com

                         9. ATTITUDE IN THE CLASSROOM
1.- REGULATIONS

        Students must behave in accordance with the Faculty and University regulations. This includes
        both attending class punctually and on a regular basis and displaying a participative attitude
        in class whilst at the same time carrying out the academic tasks and exercises set by the
        teacher.
        Any infringement of Academic Integrity (plagiarism, misuse of electronic devices in the
        classroom; mobile telephones, tablets or computers or misuse of unauthorized information
        during examinations) as well as signing registers for absent classmates will result in the loss
        of entitlement to Continuous Evaluation and any other disciplinary action which may be
        applicable.The teaching unit will decide on the disciplinary action to be applied in each
        individual case

                            10. EXCEPTIONAL MEASURES

     Should an exceptional situation occur which prevents continuing with face-to face teaching
     under the conditions previously established to this end, the University will take appropriate
     decisions and adopt the necessary measures to guarantee the acquisition of skills and
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Subject Description / Academic year 2021-2022

attainment of learning outcomes as established in this Course Unit Guide. This will be done in
accordance with the teaching coordination mechanisms included the Internal Quality Assurance
System of each degree.

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